Day Trading From Home
Day Trading From Home: Is this right for you?
Working from
home is the ultimate the dream of many of us and we keep thinking about how could be achieved and how to find the way to make it happen.
Have you ever said to yourself or maybe had one of those moments when you look back at your daily rat race and say:
- I’m getting tired of the daily commute, the crowded public transport or the slow traffic on the roads
- I am so sick of putting up with annoying bosses and the nonsense performance appraisals
- I want to put my brain to good use without too many constraints (Applied to us all in the corporate world)
- I’m bored of the same work day in – day out; I’ve been doing this for too long and I really need a change
- Just got been laid off so I’d like to try something new and now is the time to do something I am passionate about or I always dreamed about
- I want a flexible job so I can organize my priorities (e.g. take care of my parents, spend time with my kids and partner, etc)
Or on a more positive note:
- I’m retired now but guess what: I need to do something and keep by brain busy and also be in control of my investments
- I am at home anyway minding my lovely kids but why not challenge myself learning something new and eventually put some cash in my pocket
I’m pretty sure that you would say ‘yes’ to at least one of the above. If this is the case then you should keep reading….
Is Day Trading from Home the Solution?
Well, this is my dream and it is an opportunity open to all of us which I want to share with you. The rewards can be high, with some traders earning thousands of dollars a week just by buying and selling shares, futures, CFDs, Forex or options, but in a high stakes game the losses can be equally big.
For a start, Day Trading doesn’t always take place during the day.
As long as you have a PC (or even a tablet/mobile phone) and internet connection you can choose when to work – morning, afternoon, evening or night.
Develop into a successful day trader
Becoming a skilled and successful trader is achieved as the result of a developmental process and not as the uncovering of any magic setup or indicator. The single greatest challenge for traders is to harness his/her developmental process.
You must be on a constant learning curve that may eventually lead you to the acquisition of expertise.
Few things to consider:
– What is the environment that stimulates you the most? For example: do you enjoy being surrounded by people, the smell of fresh coffee and food? Or maybe you like to work in total isolation, no distractions, lots of monitors to surround you?
– What is the time of the day or night when you are most productive and alert? Are you a morning person? Then consider trading ASX markets; Are you at your best during day and in the afternoon? You should consider trading European stocks , indices or Forex; Are you a night ‘owl’? Why not trying the S&P500 , shares listed on NYSE or Forex
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